12 acres, gently rolling, edge of a small town about 40 minutes from a metro. Bought at $16,500 from an absentee owner, sold on an installment contract at $27,500 with $2,000 down…
A note holder I'd been talking to for a year had a wrap he wanted cash out of, and I didn't want the whole thing. So I bought a partial, and what I bought was the spread, not the…
I've been reading the summary on a data center fund and the distribution number they quote includes something they call power and infrastructure reimbursement. As far as I can tel…
I spent about a year on this forum working out what a first deal actually costs, so here are my real numbers now that six months have gone by. Small brick building on a secondary…
Five month placement in a three bedroom near a medical campus ended in October with nothing booked behind it. The unit sat seven weeks furnished before the next inquiry, and for s…
Reading through this room, the thing that shows up in every failure story is the same. The buyer stops paying and the seller still owes the underlying lender, on time, every month…
I put $60,000 into what I understood to be a limited partner position in a 250 unit apartment deal. It wasn't. The entity I subscribed to was a special purpose vehicle that pooled…
Looking at an LP slice in a 9 MW single-tenant facility in a secondary market. The lease is twelve years with two five-year renewals at market. The power side is a seven-year bloc…
I have 47 acres under contract at $380,000, so about $8,085 an acre, with 60 days of due diligence and 22 of it gone. 620 feet of frontage on a paved county road, gentle slope, on…
I'm partway through the licensing coursework, which is how this came up. If I buy a 40 and split it into six lots and sell them one at a time over two years, am I selling my own p…
I've got a furnished 2 bed coming available in three weeks, 30 day minimum, mid-size market with a hospital and a decent amount of corporate traffic from two plants. My margin on…
Working out what passive hotel exposure should actually look like for me, and the two structures I keep landing on behave completely differently in a downturn. Structure one, own…
Short version of a wrap in case anyone else is where I was two months ago. A wrap is where the seller keeps her existing mortgage in place and writes me a new, bigger loan on top…
I've been building a small service business around real estate and a friend of a friend runs two 6-bed care homes. She keeps telling me the money is in the care company, not the b…
My IRA has about $40,000 in it. Rural markets around me have livable single-family houses in the $55,000 to $70,000 range, so all cash is out of reach unless prices drop. Somebody…
I'm two weeks into opening a self-directed IRA and I've read the fee schedule four times. There's an annual account fee, a per-asset holding fee, and a transaction fee each time m…
I mostly research land and holding patterns, so buying a house to live in feels like a different sport, and I want to check whether I understand the basic shape of this before I s…
Writing this out because I want somebody else to catch it earlier than I did. I bought a townhouse at 249k with an FHA loan, 3.5% down, so 8,715 out of pocket plus about 4,200 in…
I have both a traditional rollover IRA and a Roth, and enough in each that either one could buy a small single family rental with cash. The custodian doesn't care which I use. I d…
I own a 1,100 square foot house on a corner lot, free of any loan, bought it years ago and lived in it since. Detached two-car garage at the back with alley access, 480 square fee…